About to purchase an IP in the next few months and thinking about tax and record keeping. I understand on settlement, there are costs such as...
Hi all, Just to clarify how accountants cater for property depreciation, my understanding is that there are 2 main depreciation methods -...
Is a loan only deductible when borrowed to "purchase" an investment, or is it also be deductible when borrowed later to offset/pay down an...
Hi guys, I am sure that this must have been discussed here before. I am wondering what kind of investments types are accepted by the ATO when it...
Hi, I am trying to find out if it is possible to do the following: I am having an IP with a split IO of which 1 part is the original amount I...
Hi All, Quick deductibility question- I've got borrowed funds in an offset account and want to use the money to buy shares in joint names. To...
Hi, I was wondering whether the statutory government search fees are an instant tax deduction when buying a rental property? These fees were...
Just wondering if possible to split a ppor loan and attach empty offset accounts to each split to redraw into in order to maintain deduct ability.
The ATO says I can immediatly deduct borrowing expenses. However my lender included all these in the loan amount to me so am deducting interest...
The issue of making tax deductible contributions has been available for a few years and used by many taxpayers OR through salary sacrifice. But...
In Vic, I get bill in ~May 19. Not payable until 13 July 19. I pay full amount on 12 July 19. Can I claim full deduction in the tax year ending...
I know someone who spent $150k building a mobile app startup. It is an amazing product, but in the end after a solid 6 months of marketing he...
Why is subscriptions like rp data not tax deductible when using it purely for searching for an investment property to purchase and then ending the...
Hi, I currently have a PPOR which I have paid off (the balance of the loan is $0), with 200k available in redraw in that loan. I have never used...
Hi I’ve made a offer and it’s been accepted for a old fibro house on the Gold Coast region . It appears to be fibro /asbestos on the external...
My second IP is due for settlement in the first week of July. I've been reading up on immediate deductions vs depreciation and still have a few...
If a person has 2 expenses to pay, $30k for private school fees and $30k for a land tax bill (associated with income producing IPs). Person has...
I'm think I know the answer, but why not ask. I have a property vacant for the first time in 15 years and lots to do to bring it up to standard....
My accountant has recently confirmed my ability to deduct interest costs, council rates and water rates in relation to the period a residential...
I have a PPOR loan, which I have 3 equity splits connected to it which have been used for other house deposits and a car. My bank only allows you...
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